Almost big player take profit at 0.32 include Madiba and some clever player here.... That's why the volume won't much and I waiting drop more than 0.25 now.... Always be patient can earn a lot and rush will lose hehehehe.... Hope another wave drop to 20 cents to let me gain another 200k lol
not many r selling coz it is too low compared at the height at 38 cts...and the announcement of e TRS is around the corner ....once announced it will spring up or gap up to where it may belong. Thus collecting at this level will not lose much but considered more comfortable than those who bought much higher. If waited then u may be buying at a higher price possibly 0.31/0.32 or higher to going for the bullet train once result is out. The choice is yours ...with disclaimer...
In December 2013, the Group acquired a 50% equity stake in ManagePay GTF Sdn Bhd (“MPAY GTF”). The other shareholders of MPAY GTF are Global Tax Free Company Limited (“GTF”), an Approved Refund Agency based in South Korea with 30% equity stake and eTRS GTF Systems Sdn Bhd (“eTRS”), a Bumiputera-controlled company specialising in retail consulting services, operations, marketing and technology application specifically in the retail services industry with the remaining 20% equity stake. The intended business activity of MPAY GTF is to become an Approved Refund Agent (“ARA”) under the Tourist Refund Scheme (“TRS”). An ARA is an agent appointed by the Government (vide a tender process) to process and refund goods and services tax claims made by outbound tourists. The main revenue stream for the ARA is derived through the administrative fees for processing the abovementioned goods and services tax claim refunds.
The Group successfully launched the Mobile Point Of Sales (“MPOS”) with Bank Islam Malaysia Berhad in December 2013 and also delivered the credit card terminals for the Teksi 1Malaysia (“TEKS1M”) project. Meanwhile, the launch of MPOS with Malayan Banking Berhad is expected to be in the year 2014. The Group has increased its headcount in fourth (4th) quarter of 2013 to facilitate the launch of MPOS solution services. Arising therefrom, the Group is geared to register better growth in its merchant acquisition business for Year 2014.
The Group also plans to invest into the development of electronic money (“e-Money”) technology in year 2014. It is our view that the e-Money business presents a viable opportunity for us to expand into, in view of the shift from traditional payment practices to electronic payment and e-Money in many developed countries. As this segment is relatively under-developed in Malaysia, the Board intends to leverage on its current expertise in electronic payment systems to develop and to empower e-Money related projects in the country
PROSPECTS The building blocks to ensure that ManagePay sustains its leadership in the Electronic Payment Solutions industry have been steadily put in place. The Group is stepping up its efforts to introduce Third Party Processing (“TPP”) services in the year 2014 to enable the Group to offer end-to-end payment services vide the issuance of payment instruments, such as Visa or MasterCard powered payment cards to business communities. The introduction of TPP services will increase the Group’s ability to offer payment services which is beyond the reach of competitors who are only able to offer merchant acquisition services, commonly known as Third Party Acquiring services. The Board of Directors is of the view that, the Group is moving towards developing a sustainable multiple source of income streams in the coming years by providing TPP services, Third Party Acquiring services, ARA and e-Money services in relation to the acceptance of electronic payment services in Malaysia.
@insearch85: very good insight in the e-payment service business. Yes, Malaysia still very much lack behind in e-payment services. Just take he MPOS as an example, there are a lot of door to door delivery services which still require you to pay cash instead of using POS to collect money using credit card at the moment. This is a business to grow. Do you happen to study who are mpay major competitors ? Thanks.
Tornado, main competitor is GHLSYS which is listed in Bursa for supplying terminal. Non listed company like NERA, Paysys and etc also involved in the terminal business. The government via BNM is pushing very hard on the e-payment. At the same time the EMV business will also prosper.
Look at the chart no more big player line up to buy or sell cause almost of them take profit already and now they waiting a big drop lol.... I m waiting too but won't line up atm lol....
Stuck on 0.29 to 0.32 almost is small player so not effect the price raise or drop.... After take profit now I m waiting for another gd meal.... If no big player go in to support the price will easy drop back to below 0.25.... If wan to stable the price all the Madiba fans need use cash to buy and support so we can't buy cheap sale lol
Tornado, the e-payment project may take a few years to complete There are a few issues related to the funding cost to role the project. What I know is that BNM is pushing the banks to move this e-payment. Hence banks will decide the terminal vendor selection. It could be a dark horse.
Kl lee... Mpay stock can't buy if above 0.29 cents cause too risky and on the last time the stock hit 0.32 I can say all the player had take profit only new player or greedy player jump in.... Wtout big player buy and sell this stock will slowly drop... Look on the chart no more big contra player atm.... I just waiting durian runtuh hahaha
I just Q for fun... I won't Q atm cause World Cup will start and wan to watch if the World Cup will effect the share market or not.., if yes, that's means a chance for us to collect cheap sale.... In my dictionary always remember take profit if hit ur target and don't too greedy....
Yea I just Q for fun... Not the right time to buy now.... All big shark take profit already now waiting insiders to push back the price down again.... My collect price is 20 cents hehehe and warrant 10cents.... For who ppl here push up the price I wan to tell u when I wan to collect I will silent lol.... I'm not rush player.... Hahaha
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ravin Cheema
845 posts
Posted by Ravin Cheema > 2014-06-02 16:23 | Report Abuse
why eg suddenly shoot up?